Snow Park takes 4.6 percent stake in Ashford Hospitality Prime

April 27, 2016 9:50 PM

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NEW YORK Hedge fund Snow Park Capital Partners has taken a 4.6 percent stake in Ashford Hospitality Prime Inc, according to a person familiar with the matter, and plans to push the company to move more quickly with a stock buyback plan.

Snow Park becomes the second activist to target Ashford Hospitality Prime, which has been under attack from hedge fund Sessa Capital.

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